With the dow up 150 and other coal stocks up 2 to 4% I would not have expected NRP to trade down to $22. Believe traders are expecting a miss when earnings are reported on Monday..
In 2012, NRP beat the street every quarter with revenue and income. Had record earnings and revenue for the year. At the same time, NRP shares traded as low as $16.90. NRP WILL NOT do as well this year.. That's why share price is collapsing. No guess as to where the bottom will come but we arn't even close yet. If we miss the street next week we will trade below $20. I have already said that/